September 2021

China's domestic stainless steel prices surge to 10-year high

China’s domestic stainless steel prices surged rose sharply over the week to Wednesday September 23 amid tight supply and steady demand.

TITANIUM SNAPSHOT: Markets on hold ahead of expected new steel tenders

Key data from Fastmarkets’ pricing session in Europe on Wednesday September 22.

Ferroglobe to cut silicon production in Spain - trade union

Spain-based ferro-alloys producer Ferroglobe is idling one of its silicon metal furnaces at its Sabon plant in Galicia because of high electricity prices, according to local trade union Confederación Intersindical Galega (CIG).

FOCUS: Vanadium close to price bottom but market worries over weakness in China

Ferro-vanadium prices have been under pressure since August 18, Fastmarkets has heard, with traders taking profit and cutting their offers to encourage sales, which has led some producers to step out of the market.

EC extends anti-dumping duties on imports of CR stainless steel from China, Taiwan

The European Commission (EC) has extended definitive anti-dumping duties on imports of stainless steel cold-rolled (SSCR) flat products from China and Taiwan.

Thyssenkrupp sells Italian stainless steelmaker Acciai Speciali Terni to Arvedi

Steelmaker Arvedi is in the process of purchasing fellow Italian stainless steel producer Acciai Speciali Terni (AST) from Thyssenkrupp, the German steelmaker said on Thursday September 16.

China’s stainless steel supply tightens amid coronavirus-related transport disruptions

Deliveries of stainless steel in China have been disrupted by an outbreak of Covid-19 in the major production hub of Fujian, but the resultant tightened supply failed to support stainless steel prices in the week ended Wednesday September 15.

TITANIUM SNAPSHOT: Markets on hold amid new tenders from steelmakers

Key data from Fastmarkets’ pricing session in Europe on Wednesday September 15.

Restrictions on smelters support Chinese ferro-chrome alloy markets

China’s domestic spot market for high-carbon ferro-chrome went up in the week to Tuesday September 14, reflecting tight availability and an expectation of good consumer demand.

Chinese steel plate export prices rise despite thin trading

Chinese heavy steel plate export prices edged up in the week to Tuesday September 14, despite only limited trading activity, possibly influenced by vessel shortages and higher freight fees, sources told Fastmarkets.